German Economy Grows Slightly

TODAY: Nov. 25, 2014 PUB DATE: Nov. 25, 2014

By Emese Bartha FRANKFURT--The German economy grew slightly in the third quarter, the Federal Statistics Office said Tuesday, keeping pressure on policy makers to go ahead with measures to provide stimulus. In adjusted terms, Germany's gross domestic product rose 0.1% ...

PBOC Cuts 14-Day Repurchase Agreement Rate

TODAY: Nov. 25, 2014 PUB DATE: Nov. 25, 2014

SHANGHAI--China's central bank cut its 14-day repurchase-agreement rate offered Tuesday by 20 basis points to 3.20%, in response to its benchmark interest-rate cut Friday. The repo-rate cut, the third since September, will help to guide market interest rates lower. It ...

Singapore Government Expects Mild Contraction in Exports in 2014

TODAY: Nov. 25, 2014 PUB DATE: Nov. 25, 2014

By Gaurav Raghuvanshi SINGAPORE--The Singapore government expects exports to contract this year after a lackluster performance in the first nine months. Exports may recover a little next year amid hopes of growth in the U.S., although other key markets in ...

South Africa's Economic Growth Continues to Decline

TODAY: Nov. 25, 2014 PUB DATE: Nov. 25, 2014

By Patrick McGroarty JOHANNESBURG--South Africa's economy expanded less than expected in the third quarter, putting the continent's most developed economy among other big emerging-market peers that are failing to bring about a hoped-for global recovery. Gross domestic product in South ...

MARKET SNAPSHOT: U.S. Stocks: Futures Rise After GDP Data

TODAY: Nov. 25, 2014 PUB DATE: Nov. 25, 2014

By Anora Mahmudova and Sara Sjolin, MarketWatch Tiffany falls 1.4% premarket after reporting earnings NEW YORK (MarketWatch) -- U.S. stocks looked set to extend their record run on Tuesday, with futures moving higher after an upward revision to GDP data. ...

Bundesbank Warns German Banks of Overexposure To Urban Property Market

TODAY: Nov. 25, 2014 PUB DATE: Nov. 25, 2014

FRANKFURT--The vice president of Germany's central bank has warned that banks' willingness to fully finance house purchases in the country's big cities could ultimately hit their profits significantly, should urban real estate prices start to slide. Bundesbank deputy Claudia Buch ...

Metro to Sell Greek Makro Cash & Carry Unit to Sklavenitis

TODAY: Nov. 25, 2014 PUB DATE: Nov. 25, 2014

By Neetha Mahadevan FRANKFURT--Metro AG (MEO.XE) said Tuesday it will sell its Greek wholesale subsidiary Makro Cash & Carry to local retail group Sklavenitis to focus on its more profitable markets. The deal includes the complete operational business of Makro ...

Durable Goods Orders Expected to Fall 0.5% -- Data Week Ahead

TODAY: Nov. 25, 2014 PUB DATE: Nov. 25, 2014

The following are forecasts for this week's remaining data from a survey compiled Friday and Monday: DATE TIME RELEASE PERIOD CONSENSUS PREVIOUS (ET) Wednesday 0830 Jobless Claims Nov 22 289K (19) 291K 0830 Durable Goods Orders Oct -0.5% (29) -1.1% ...

EUROPE MARKETS: Euro Stocks Climb As German Economy Logs Modest GDP Growth

TODAY: Nov. 25, 2014 PUB DATE: Nov. 25, 2014

By Carla Mozee, MarketWatch Hopes for OPEC oil-production cut tempered in Vienna LONDON (MarketWatch) -- European stocks rose Tuesday, with German equities extending gains after data confirmed modest quarterly growth for the eurozone's largest economy. In Frankfurt, Germany's DAX 30index ...

Rousseff Seen Naming Levy as Brazil Finance Minister

TODAY: Nov. 25, 2014 PUB DATE: Nov. 25, 2014

SÃO PAULO--Brazilian President Dilma Rousseff has picked the former head of the country's treasury, Joaquim Levy, to face the country's many economic challenges as finance minister in her second term in office, according to a person familiar with the situation. ...

Gold Edges Higher on Weak U.S. Consumer-Confidence Data

TODAY: Nov. 25, 2014 PUB DATE: Nov. 25, 2014

By Ira Iosebashvili Gold prices edged higher Tuesday, after a day of shuffling between gains and losses as two sets of economic data gave varying pictures of the state of U.S. recovery. Gold for December delivery, the most actively traded ...

Europe Stocks Higher Despite Investor Caution--Update

TODAY: Nov. 25, 2014 PUB DATE: Nov. 25, 2014

By Josie Cox The rise in European shares continued Tuesday, but investors admitted to concerns that the recent rally may have run its course. The rise in the Stoxx Europe 600 has been driven by the surprise interest rate cut ...

Yen Takes a Breather After Recent Weakness

TODAY: Nov. 25, 2014 PUB DATE: Nov. 25, 2014

By Alexander Martin The yen edged higher against the dollar during Asian trading Tuesday as investors adjusted their positions following the currency's recent weakness. The dollar sunk to Y117.78 after climbing as high as Y118.59 earlier in the morning. As ...

ECB Noyer Says Guidance on Balance Sheet Significant

TODAY: Nov. 25, 2014 PUB DATE: Nov. 25, 2014

TOKYO--The European Central Bank's signaling it will expand its balance sheet by around EUR1 trillion is an indication of how the bank is ready to do anything to stoke inflation, said a European Central Bank Governing Council member Christian Noyer ...